Key takeaways:
- Gold climbed to around $3,320 as safe-haven demand intensified amid rising war tensions.
- Bitcoin hovered near $105K, struggling to attract buyers in a risk-off environment.
- Tech stocks, including Tesla and NVIDIA, continued to extend losses due to geopolitical pressure.
- Oil surged over 3% despite OPEC+’s output hike, as concerns about conflict overshadowed supply shifts.
Market Recap: Ukraine’s Deep Strike and OPEC’s Output Boost Stir Global Sentiment
Markets in June started trading under pressure as a massive Ukrainian drone assault on Russian air bases rattled investor sentiment. Dubbed “Operation Spider’s Web,” the strike reached as far as 4,000 km into Russian territory, damaging or destroying over 40 aircraft and marking the deepest penetration since the conflict began. The attack, which involved over 100 drones launched from inside Russia, escalated geopolitical risk across global markets.
Meanwhile, OPEC+ announced that it will raise output by 411,000 barrels per day in July, marking the third consecutive monthly increase. However, despite the effort to stabilize markets, oil prices surged over 3% as Ukraine’s drone strike overshadowed the supply boost.
With geopolitical risk intensifying, traders rotated into safe-haven assets, pushing gold up 0.72%, while equities and crypto came under pressure, with Bitcoin struggling to hold the $105K line.
Global Indices
- S&P 500 (SPX): 5,911.68 (−0.01%)
- Dow Jones (DJI): 42,270.07 (+0.13%)
- Nasdaq Composite (IXIC): 19,113.77 (−0.32%)
- Nikkei 225 (NK225): 37,470.00 (−1.58%)
- Euronext 100 (N100): 1,579.22 (−0.38%)
- FTSE 100 (FTSE): 8,775.00 (−0.13%)
Crypto Market
- Bitcoin (BTC): $105,009 (−0.66%)
- Ethereum (ETH): $2,500.57 (−1.52%)
- Solana (SOL): $163.35 (−1.88%)
Commodities & Forex
- Gold: $3,320.10 (+0.99%)
- Silver: $33.10 (+0.47%)
- WTI Crude Oil: $62.50 (+3.01%)
- Brent Crude: $62.94 (+2.01%)
- EUR/USD: 1.1360 (+0.23%)
- GBP/USD: 1.3483 (+0.38%)
- USD/JPY: 143.59 (−0.44%)
Individual Stocks
- NVIDIA (NVDA): $135.13 (−2.92%)
- Tesla (TSLA): $346.46 (−3.34%)
- Netflix (NFLX): $1,207.23 (+1.89%)
- Microsoft (MSFT): $460.36 (+0.37%)
- Meta (META): $647.49 (+0.38%)
- Apple (AAPL): $200.85 (+0.45%)
- Amazon (AMZN): $205.01 (−0.34%)
Market Wrap-Up
Safe-haven demand dominated the session as investors braced for deeper geopolitical fallout, sending gold to $3,320 while Bitcoin and tech stocks struggled to hold ground amid fading risk appetite.
All content provided here is for informational purposes only and does not constitute financial or trading advice. Trading involves risk and may result in financial loss. We strongly recommend consulting a licensed advisor before making any investment decisions.
